On June 23, 2025, jewelry is displayed at a clair store in Novato, California.
Justin Sullivan | Getty images
Claire announced on Wednesday that he was selling most of his North American business to private equity firm AIIMS Watson, a few weeks after the jewelry retailer Declared bankruptcy,
The companies did not disclose any financial statements of the deal.
Claire said the step comes because the Twin retailer is checking every option to “maximize the value of his business”. It also stated that it would prevent the liquidation process at most of its shops as part of the deal, which Clare said the company would “benefit considerably”.
Claire said the liquidation process would continue at some of its North American shops.
CEO Chris Kramer said, “As we continue through our restructuring proceedings, our team has made tireless efforts to detect every option to preserve the value of the Claire’s business and the brand.” statement“We are happy to sell AIIMS Watson to sell a part of our North America operations and reach this fixed agreement for all our stakeholders to maximize our company value.”
AIIMS Watson is a private holding company, with more than $ 2 billion in revenue, according to its website, focuses on buying and replacing companies. Its portfolio includes Lyds, Champion Teamwear and South Moon U -under.
Lawrence Burger, co-founder of AIIMS Watson, said in a statement, “We are committed to investing in our future by preserving an important retail footprint to work together with Claire’s team, by preserving an important retail footprint in North America, which works from a new head to develop a new head based on our deep experience on the basis of our deep experience and working with consumer brands.
Retailer filed for bankruptcy Earlier this month, the loan weighed approximately $ 500 million and a rapid competitive sales environment. The company expects the brunt of tariff effects on suppliers from countries like China and Vietnam.
Claire’s Last filed For bankruptcy in 2018, also due to a shocking debt load. At that time, the company conducted a strategic reorganization and raised new capital, which allowed it to eliminate a loan of about $ 2 billion and run the store.
